IoT Enabled Healthcare Equipment Market Characteristics

The IoT enabled healthcare equipment market consists of manufacturers’ sales of healthcare devices equipped with IoT enabled technology such as the Bluetooth technology used to assess and monitor patients’ health.

IoT Enabled Healthcare Equipment Market Size

The IoT enabled healthcare equipment market size is expected to reach $70 billion by 2023, growing at a CAGR of around 30% . The growth in the IoT enabled healthcare equipment market can be attributed to the increasing access to healthcare devices through online platforms and growing awareness of the benefits of these devices.

However, the market for IoT enabled healthcare equipment market is expected to face certain restraints from several factors such as skills shortages, high costs associated with the development of IoT healthcare devices and regulatory hurdles.

IoT Enabled Healthcare Equipment Market Segmentation

The global IoT enabled healthcare equipment market is further segmented based on type and geography.
By Type - The IoT enabled healthcare equipment market is segmented into diagnostic equipment, implanted devices, wearable devices
By Geography - The global IoT enabled healthcare equipment market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the North American IoT enabled healthcare equipment market accounts for the largest share in the IoT enabled healthcare equipment industry.

Trends in the IoT Enabled Healthcare Equipment Market

Increasing focus on bluetooth enabled medical devices and usage of medical body area network (MBAN) to monitor physiological parameters are some of the major trends in the IoT enabled healthcare equipment market.
Potential Opportunities in the IoT Enabled Healthcare Equipment Market
With major opportunities in wearable devices segment and increasing investments in the IoT industry the scope and potential of the global IoT enabled healthcare equipment market is expected to increase in the forecast period.
Competitive Landscape of the IoT Enabled Healthcare Equipment MarketMajor players in the global IoT enabled healthcare equipment market include Medtronic plc, General Electric Company, Koninklijke Philips N.V., Siemens Healthineers AG, and Fujifilm Holdings Corporation.

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